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Updated over 9 years ago on . Most recent reply

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Dezra Robitson
  • Columbus, OH
1
Votes |
13
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No more talking, time for action

Dezra Robitson
  • Columbus, OH
Posted

I very new to this but I want to start off by saying that I've read the books, been on the webinars and rental properties is something I want to do right now. I currently live in the Akron, Cleveland Ohio area and now I'm looking for multifamily complexes in these areas. I did see a couple of multifamily foreclosed properties in the Columbus area as well that could potentially be good deals for me. Before I go is there any advice I should take with me before I dive in head first towards my first real estate deal. I would appreciate any input as I would like to learn as much as I can and eliminate as many mistakes as possible for a newbie. What was your first time like? What did you learn? What things should I avoid? My end game is to spend more time with my son and less time working tedious and unfulfilling jobs to support him. Any help is greatly appreciated.

Most Popular Reply

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2,732
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Joe Fairless
  • Investor
  • Cincinnati, OH
1,432
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2,732
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Joe Fairless
  • Investor
  • Cincinnati, OH
Replied

@Dezra Robitsonlove the action-oriented approach. To get going on multifamily you'll need three things: 

1. Knowledge 

2. Money 

3. Deal 

Re: knowledge, are you good with underwriting the deals? 

Re: money, do you have your down payment for a property lined up already? 

After the first two are taken care of then you'll be ready for the deal. 

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